Automotive fuel cell refers to a vehicle which is powered by hydrogen fuel for the propulsion of the automotive. Fuel is contained in high-pressure tank and fed into a fuel cell stack, where the oxygen and hydrogen found naturally in the air react with each other and generate electricity. They are available in various vehicles such as cars, buses, and trucks.
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Increase in vehicle production is the key driving factor which is expected to boost the global automotive fuel cell market growth. Furthermore, rise in global environmental issues such as climate change and poor air quality due to high fossil fuel consumption will have the positive impact on market growth. The fuel cell produces zero emission and contributes to eliminate the greenhouse gases thereby propelling the market growth during this forecast period. Moreover, the automotive fuel cell demand is growing significantly as compared to battery electric vehicles owing to high performance ability to refuel in reduced time and long range provided by the systems.
However, automotive fuel cells are highly flammable in nature and hard to detect hydrogen leakages that are the some challenging factors which expected to obstruct the global automotive fuel cell market growth.
Market Key Players
Various key players are discussed in this report such as Delphi Technologies, Ballard Power Systems, Hydrogenics, ITM Power, Plug Power, Nuvera Fuel Cells, Ceres Power, Nedstack, and Doosan Corporation
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By Electrolyte Type
By Power Output
By Vehicle Type
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